After glitches in Version 3 of its MCA21 portal, the corporate affairs ministry has seen a 20 times increase in the number of authenticated users, including company directors and business users, since January 23, government sources said.
A key feature of the new version is to identify the people transacting on its portal by linking each user ID with the person’s permanent account number (PAN), followed by a two-factor authentication through mobiles and email IDs. Those who cannot complete the KYC requirements cannot use the portal.
Between January 23 and April 12, the number of unique KYC users registered on